Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
Russian Ruble/US Dollar (FOREX:RUBUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RUBUSD
The long term trend has been DOWN since Apr 9th, 2018 at 0.01702
The intermediate term trend has been UP since Sep 19th, 2018 at 0.01493
The short term trend has been UP since Oct 9th, 2018 at 0.01506
Smart Scan Analysis for RUBUSD
Based on a pre-defined weighted trend formula for chart analysis, RUBUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).